Page 146 - 56-1 One Report 2022 EN

Part 2 Corporate Governance

governance, as well as promoting a corporate culture of good governance, the Company has taken the following
actions:
 Created and published a Corporate Governance and Code of Business Ethics Handbook for employees
to read and pledge to follow. This has continuously been implemented since 2013 and is helpful in allowing
new employees to develop a better understanding of the Company as they pledge to follow the code.

 Arranged a new employee orientation to provide advice and information on corporate culture and
governance, as well as the Code of Conduct and the purpose of the Company’s Anti-Corruption Policy.
 Announced the application of guidelines for suppliers to promote mutual understanding between the
Company and suppliers that these guidelines will be used when conducting business. These guidelines
will be used as an essential element when selecting and evaluating suppliers for the Company. The
Company has notified all suppliers of these guidelines and requested that each supplier signs an
acknowledgment and agreement to follow these guidelines as a mutual standard.
 Required that all employees complete a report on conflicts of interest that they, their family members, or
any related juristic person may have. Employees are also required to report any changes to said conflicts
of interest in a timely manner to ensure that all Company’s transactions are carried out transparently,
reasonably, and with primary consideration for the highest benefit of the Company.

 Ethical practices have been communicated to directors, executives, and employees on a regular basis
through the Company’s internal email, in which 2022, there was a test on ethical principles through E-
Learning for topics of Ethics and Enterprise Risk Management in order to create an awareness of
employees’ duties.

6.3.2 Adherence to Corporate Governance Best Practice Policy

A review of the Corporate Governance Policy in 2022 by the Board of Directors showed strict compliance with the
relevant policies and guidelines. However, some principles held by the Company are different from CG Code 2017.
The differences are as follows:

Principles/guidelines from Stock Exchange of Thailand Company statement
The Board of Directors has set a policy to limit the Directors can hold the position of board member in up

number of listed companies that each director may to 6 listed companies simultaneously if these
hold as a director to not more than 5 companies without appointments do not interfere with the director’s

exception. performance and do not have any conflict of interest.
However, the Board viewed that the current number of
outside directorships of our directors does not have an

impact on their roles and performances in the
Company.

Part 2 page 23